Market Update: August 2018

Market Update: August 2018

All statistics via Toronto MLS Market Watch.

As per the most recent Market Watch Report from the Toronto Real Estate Board:

Toronto Real Estate Board President Garry Bhaura announced sales and price increases on a year-over-year basis in August. Greater Toronto Area REALTORS® reported 6,839 sales through TREB’s MLS® System in August 2018 – an 8.5 per cent increase compared to August 2017.

Both the average selling price, at $765,270, and the MLS® Home Price Index Composite
Benchmark for August 2018 were up compared to the same month in 2017, by 4.7 per cent and
1.5 per cent respectively. The average selling price increased by more than the MLS® HPI
Composite due, at least in part, to a change in the mix of sales compared to last year. Detached
home sales were up by double digits on a year-over-year percentage basis – substantially more
than many other less-expensive home types.

Read the full report here.

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